The German Ministry of Finance published the draft Act on the Implementation of Council Directive (EU) 2023/2226 of 17 October 2023 (DAC8) on 4 November 2024, including new reporting and due diligence obligations for crypto-asset service providers. Approved by the European Council in October 2023, the provisions of DAC8 are largely based on the Crypto-Asset Reporting Framework (CARF) developed by the OECD and the amended Common Reporting Standard (CRS) for the automatic exchange of financial…